AG 2002 07 22 (Regular) - Laserfiche WebLink

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PAGE 8 OF 12 being fully utilized, the Contractor shall transfer or dispose of the Project equipment at the direction of the Department. Failure to carry out the requirem, ents set forth in this Section shall constitute a breach of contract and, after notification by the Department, may result in termination of the Agreement. In the event of Project termination or breach of Contract provisions, the Contractor shall, upon written notification by the Department, surrender Project equipment and/or transfer the Certificate(s) of Title for Project equipment to the Department or the Department's designee. Section 12. Maintenance and Inspection. The Contractor shall maintain all project equipment at a high level of cleanliness, safety, and mechanical soundness. The Contractor shall register all vehicle maintenance activities in the Comprehensive Maintenance Record, which is part of the Preventive Maintenance Guidelines published by the Public Transportation Division, or in a comparable computerized database. The Department shall conduct annual inspections to confirm 'proper maintenance pursuant to this Section and use in accordance with Section 11 of this Agreement. The Contractor shall collect and submit to the Department at such time and in such manner as it may require information for the purpose of the state's Public Transportation Management System (PTMS). Section 13. Vehicle Insurance. The ContraCtor shall be responsible for protecting the state financial interest in Project equipment purchased under this Agreement throughout the useful life of the equipment. The Contractor shall provide, as frequently and in such manner as the Department may require, written documentation that all equipment is insured against loss in an amount equal to or greater than the state share of the real value of the equipment. Failure of the Contractor to provide adequate insurance shall be considered a breach of contract and, after notification by the Department, may result in termination of this Agreement. Section 14. Useful Life of Proiect Equipment, "Useful life" for all Project equipment shall be determined by the Department. Upon the end of the period of useful life, the Contractor may dispose of Project equipment after notifying and receiving disposition instructions from the Department.